Children’s Place net sales up 0.6% to $373.6 mn in Q2 2017

INTERNATIONAL NEWS

Children’s Place net sales up 0.6% to $373.6 mn in Q2 2017


September 06, 2017



The Children’s Place Inc, the largest pureplay children’s specialty apparel retailer in North America, has announced that its net sales increased 0.6 per cent to $373.6 million in the second quarter of 2017. Its comparable retail sales increased 3.1 per cent in Q2 2017, and gross profit was $128.4 million, compared to $123.9 million in Q2 of 2016. This $0.87 increase in adjusted net income per diluted share includes a $0.68 benefit resulting from the new accounting rules for the income tax impact on share-based compensation.